Grayscale Rebalances Crypto Investment Offers: SUSHI, SNX Out

Investment giant added DOT, AVAX, ATOM and removed SUSHI, SNX as part of a quarterly rebalancing.

The worldโ€™s biggest digital asset investment firm, Grayscale, added Polkadot (DOT), Avalanche (AVAX), and Cosmos (ATOM) to their diversified fund offerings as part of a quarterly rebalancing.

At the same time, SushiSwap (SUSHI) and Synthetix (SNX) were removed from the Decentralized Finance Fund of the investment giant.

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Polkadot (DOT) and Avalanche (AVAX) are now part of Grayscaleโ€™s Digital Large Cap Fund, which is the biggest diversified fund of the firm, and the fund currently holds $451 million in assets under management.ย 

Grayscaleโ€™s Digital Large Cap fund is further composed of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Uniswap (UNI), Bitcoin Cash (BCH), Litecoin (LTC), and Chainlink (LINK). Both Polkadot and Avalanche account for less than 2% of the large-cap fund, while Bitcoin (60.72%) and Ethereum (28.26%) keep the biggest share of it.

Accordingly, Cosmos (ATOM) complemented Grayscaleโ€™s Smart Contract Platform Ex-Ethereum Fund, which was only created last month and operates $4.5 million worth of digital assets.

The fund gives exposure to the biggest rivals of Ethereum and includes Solana (SOL), Cardano (ADA), Avalanche (AVAX), Polkadot (DOT), Polygon (MATIC), Stellar Lumen (XLM), and Algorand (ALGO). The newly added Cosmos will account for the 5.24% share of the funds, where Solana (26.27%) and Cardano (25.38%) are leading.ย 

Meanwhile, SushiSwap (SUSHI) and Synthetix (SNX) are no longer part of Grayscaleโ€™s Decentralized Finance Fund after failing to meet the required minimum level of market capitalization. They are the only tokens that Grayscale has recently removed from its diversified fund listings.ย 

Grayscale currently operates 17 crypto-related funds that hold more than $39.4 billion AUM in total.ย 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Simona Ram

Simona Ram is the senior journalist at DailyCoin, focusing on in-depth investigations of the cryptocurrency sector. Simona has minor holdings in Bitcoin.

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